coming up, our conversation with former softbank president who was once heir apparent to the softbankire. he joins us for a wide-ranging exclusive interview on southbank investment strategy. what he plans to do next. this is bloomberg. ♪ emily: former softbank president nikesh arora who was once cap does the heir apparent of the softbank empire joins us on a special edition of bloomberg studio 1.0. in a wide-ranging discussion we talked about his relationships with mashayoshi son and his thoughts on the road ahead for uber. first i asked him about his humble beginnings growing up in india and how he was personally invited to work for larry page added up-and-coming company called google that it recently gone public. nikesh: we're making around $2 billion in revenue at that time. i would say the international operations and scalings were early. tim armstrong did a great job. states team he ran was doing well. we took the model to an and deployed it across europe. tim and i used to compete on and we can make the different -- we could make the different regions. emily: google has since be

softbank is back in the spotlight with earnings that helped softbank beat estimates.ood news for softbank's chairman and c.e.o. masa -- masayoshi son. the billionaire is in the process of creating the $1 billion visions fund. the fund was included in the results for the first time. he says he considered various deal options. joining us to explore all of the options in new york is cory johnson and our guest host for bob o'donnell, president of technalysis research. how do you see the story softbank is trying to tell us the global dealmaker playing out? >> i think that is exactly what we are seeing masayoshi son do. he has talked about this for years. i worked for a company he bought about 25 years ago. it was a small high-tech music magazine. watching him over the years and seeing this vision evolve, he is driving himself to be the tech version of warren buffett internet interesting way. conglomerateg this of component companies he sees as being critically important to drive this vision into the future. i think it is a smart plan. not all of the bets will work but i th

emily: softbank and massa are potentially behind a t-mobile merger with sprint, which softbank owns. good idea and what does it mean for consumers? nikesh: do we need four operators in this capital-intensive industry, where people are sucking down more and more bandwidth and want access anywhere and everywhere for everything? maybe not. and that's a question for the regulators. i think three players in that space will be perfectly fine. whether the regulators allowed that to happen and deutsche telekom and massa can get to a deal is is open for you to speculate as much as i can. emily: you led the way for softbank to invest in india, including the investments in snap deal. some of the deals there are in trouble. were those bets wrong, or would they be doing better if you were there? nikesh: i think it's fair to say that the euphoria in the indian tech space was driven by the huge success we saw of the various companies going public in china. we said wait, if china can be so successful with over one billion people, maybe we should be concentrating on india, because this could very wel

reily: softbank and massa a potentially behind a t-mobile merger with sprint, which softbank owns.that a good idea and what does it mean for consumers? >> do we need four operators in this capital-intensive industry, where people are sucking down more and more bandwidth and want access anywhere and everywhere for everything? maybe not. that is a question for the regulators. i think three players in that space of the perfectly fine. weather deutsche telekom and massa can get to a deal is speculative. emily: you lead the way for softbank to invest in india, including the investments in snap deal. some of the investments are in trouble. wrong orat that's would they be doing better if you were there? >> i think it is fair to say that the euphoria in the indian tech space was driven by the huge success we saw of the various companies going public in china. we said, if china can be so successful with over one billion people, maybe we should be concentrating on india, because it could be the next market to explore in a good way, and we should be investing their. valuations got run out in

and the legacy of softbank.nd i met when he was 57 he said you know what, after a year of being together, he said, i think you would be a great successor. i said, great. as it came closer to him turning 60, sometime this month, he realized that he wasn't done. as is evident from the last year, he seems to have renewed energy. and he definitely wants to see this information revolution through with all the investing that he's doing. emily: there were some shareholders that complained about you, said you had a conflict of interest, that you are overpaid. did that play any role in you leaving? did you ever get to the bottom of who is behind it? nikesh: no, we never got to the bottom of who was behind it, but the board established an independent committee who has looked at everything. they found no issues because there were none. so, there was nothing to look at. and masa was very supportive throughout the entire process. he tried to explain to people in the company that when you hire people from silicon valley, you

does softbank have the capital to get the deal done?sining us now is bloomberg elstrom.e fro peter, what exactly are his aims? >> he has been looking for a solution to the sprint business. he bought into sprint when it was the number three wireless carrier in the u.s. it has fallen behind t-mobile and is now number four. it looked like the simplest deal was to combine sprint and t-mobile. it looks like there is a more accommodating administration now in the white house, but given that the option is a little complicated, he is looking for something more ambitious, therefore the gambit for charter. charter came out over the weekend and said we want no part of sprint. so now sources have been telling us that masayoshi son is looking for a bigger deal, where softbank and charter would be combined. emily: is charter more likely to do a deal if it is coming from softbank? >> management has been very clear that they don't want the deal. run by the management team, which has been successful. tom rutledge has been successful as ceo. they think t

-- more than $100 billion in softbank.it adds up nicely to about $200 billion. the market cap is just $90 billion. that is smaller than their stake in alibaba alone. any discount that has been there for a while, but with the help of the fund, we believe that could be narrowed. that could be some form of deleveraging. we talk about the m&a for softbank, but what about the core business? does that at the top of your radar at all? atul: yes, indeed. that is why we like it. it is not just the investments alone, but just about -- a year back when they acquired and talked about a a iot, it did not take that long. this year, it was all about aaiot. about vr, they all talk ar, all these things in which softbank has taken the early lead in investment. lookdition to that, if you at the history with softbank, they took the early investments with yahoo! and yahoo japan. these are very early investors. if you look at who is positioning himself, who is best positioned to invest and grow in the next 10 years, softbank is well-positioned

softbank is putting money into a lot of businesses.ust last week there was chatter about them buying charter -- their credit default swaps jumped on the bloomberg. i wonder, how does this fit with investors? investments they have made so far in some of the smaller companies, including that ride hailing company in those are more like the investments they have made in the past where they made a fortune. the ideal that they will do something in the u.s. has been a , then another wireless carrier, the idea that he would go after charter and combine is a very complicated deal and would be very expensive. he would have to take on a huge amount of that in order to get that deal done. that makes investors was very nervous at this point. but there is also the possibility that he will merge t-mobile, which would be more of a deal between similar companies and a bit more manageable from a financial stand. >> thank you for joining us. we will keep a close eye on softbank and its business dealings. the bloomberg managing editor for asia technology.

consequently since i have left softbank, have doubled down on many of those bets.can find an industry where you feel that somebody has developed a product or service from which there is no going stay.so it is here to it's like when things go for my nice to have to a must-have, you realize this is a winning scenario. you understand this is going to get more popular overtime. i think it is clear in china -- is the only player. i think you can see where they keep executing well, this is a huge opportunity for them. it also plays into the needs of the country where you don't want to have car ownership, you want more green cars, it is much easier to play with companies like didi. uber has pulled out of russia, do you see them making the same decisions in southeast asia, brazil -- are going back to the same conversation. i believe it is possible for two players to coexist in the market and coexist happily, but i think it requires the markets to rationalize and stabilize. there are multiple players that coexist that are competing every day, but some actually make large am

softbank topping estimates for the quarter.he japanese conglomerate says profits rose more than 50% after they included vision fund as new reportable segment that's the world's largest private equity fund, one of many areas that softbank founder's son has his hand in. has stakes in sprint, allalibab. they're big on ridesharing companies with investments, but as cnbc first reported friday, softbank is not in investing in uber one source telling cnbc talks dead in the water following abrupt departure of ceo travis kalanick shares of softbank are up about 2.3% in early trading. back to you. >> thank you very much for that. >>> could be looking to make a come back. information reports the former ceo asked former colleagues if they would support him in a shareholder battle mr. kalanick, still waiting to hear who his replacement might be. >>> in other tech news, google executives responding to 3300 word anti-diversity manifesto written by one of the employees. it attributed gender and equality to biological differences. the engineer

this comes as softbank rose 50% to 4.2 this comes as softbank rose 50% to 11.2 billion us dollars inuse of gains in us chip designer nvidia. the owner of softbank became popular in america because of his meeting with donald trump. he is very rich. will he invest in uber, lyft, or both? he is considering both. we don't know which one yet, but he wants to crack that ride market because he has not presence in the us. he has already done so in asian ride agencies. he even has a big stake in brazil's 99. the importance of that industry has to do with growth. they are predicted to overtake taxis and be worth nearly $200 billion by 2030, the entire industry. it comes down to this man, the son of masayoshi. he isa this man, the son of masayoshi. he is a technology entrepreneur who started from small beginnings. he started from small beginnings. he started with softbank in 1981. now he is making big bets on an interconnected future. he has bought many companies. the most interesting move he has made is to set up a $100 billion technology fund with saudi arabia. this is the world's biggest, a

we have softbank getting estimates of a softbank share.the start of this trading day. we are here for the likes of olympus and tokyo marine when it comes to earnings on the radar. when it comes to sentiment in asia, we have trade figures from china later this morning. we have the offshore one. fairly steady, holding onto gains. check out what is going on in australia. this is 2/10 of a percent. they will be divergent themes. fred is falling about 2/10 of a percent. this amid the opec talks that are ongoing in abu dhabi. this falling about a 10th of a percent. the kiwi retains its top spot as the worst performer. after the falling policy meetings later on this week. it is coming off of a two-week low of 7348. that is holding near august lows. this, as the dollar is study as a gives of gains on the fed. we have the likes of david bloomberg looking upward. that was an early look at the markets. let's get to the first word news. softbank reflects is transition to a company that invests and makes deals. operating profit was $4.3 billion. lifted

for softbank.ome a currencies space next bag. this is the dollar, little softer after dubnation -- after dovish comments from bullard. the kiwi, the worst g10 performer losing about a 10th of a percent, losing ground ahead of this week's r.b.i. policy meeting. this comes off a two-week low of 73.48. offshore yuan holding onto gains. southeast asian currencies are keeping steady. we are seeing the rally continue when it comes to base metals. aluminum up 2.5%. steel continuing to extend after reaching a four-year high. copper is high about 8/10 of a percent. oil is continuing to decline. losing about 2/10 of a percent. base metals are having a moment in the sun, but crude is on the retreat as opec talks in other down the are ongoing. rishaad: $50 a barrel is proving to be a little bit of a resistance line. thank you, sophie kamaruddin. let's get you up to date with first word news headlines. china's reserves size six straight gain in july. there's a bit more momentum in the economy. stockpileay they

softbank is also looking at charter.tbank has not decided whether or not it will actually bid on charter. .ame for altice they have hired banks and lawyers to contemplate the idea of biting charter rather than allow it theoretically to go to softbank. there is an outstanding question whether one verizon will get into this. remember, verizon looked at charter back in january. at that point, they decided, you know, we do not think this is the right fit. whether or not they come back to charter still an open question. patrick is in this game. he is one of these cable cowboys, isn't he? alex: john malone, the original cable cowboy, or what he is known as, is the largest shareholder in charter at 35%. any deal for charter would have to get john malone's blessing. he controls three board members on charter's board. he would have to be game for this idea for selling charter at all. we know they were hesitant on doing a deal with softbank. whether or not they would turn --und and sell to altice look, malone has hitched his wagon

let's start with softbank. how did those conversations start and proceed?k you for having me on the show. they started -- an affiliate of softbank had invested in a round of ours in 2014. that was a totally separate affiliate. about nine months ago, we started conversations and they just accelerated. emily: what has softbank told you they are particularly interested in when it comes to your company? rob: first of all, they are interested in companies that disrupt industries and companies that can reach audiences and customers that are hard to reach traditionally. as it applies to kabbage, what we are able to do is we are able to take any small business that is out there, have them land on our site and within six or seven minutes deliver capital. we go from knowing nothing about them to knowing an incredible amount through the data they share with us, then funding them and allowing them to grow that business. emily: i was just talking with square ceo jack dorsey. they are moving into more of an underbanked market, reaching a new kind of customer. are you com

the results highlight softbank's movement into tech and other deals.eas options to merge sprint with t-mobile. what does he want to do with softbank, what is his plan here? what is his grand plan here? >> i think he wants to be the planet's biggest most ambitious tech investor, and he wants to be at the forefront of every disruption and innovation that will happen over the next several decades. >> therefore, he is an uber, he is trying to get into ride hailing, and ai. >> yes, and he is trying to get beyond that, about a world where every inch is covered in satellite, and he is thinking, high in the sky in the next 10 to 12 years of disruption. he is thinking pie in the sky as well as five to 10 years of disruption. >> stock is trading higher this morning, here are the headlines , the company has posted second-quarter sales and net income beating analyst estimates. at the same time, the danish-based drugmaker has cut its forecast for the next year. the only thing the market really wants to know about at the moment, is what the pricing picture in the un

what does he want to do with softbank? what is his plan here? what is his grand plan here?ambitious tech investor, and he wants to be at the forefront of every disruption in innovation that will happen over the next several decades. >> therefore, he is an uber, he is trying to get into ride hailing, and ai. >> exactly. and so much further beyond that. he's talking about a world where every inch is covered in satellite and there'll be iot devices feeding data into the cloud that will be analyzed by ai and machine learning. so he is thinking, high in the sky, as well as the next five to 10 years of of disruption. >> stock is trading higher this morning. here are the headlines direct the company has posted second-quarter sales and net income beating analyst estimates. at the same time, the danish-based drugmaker has cut its forecast for the next year. the currency effect in some big part. the only thing the market really wants to know about at the moment is what the pricing picture in the united states looks like. what can you tell us? >> we have mentioned that we see lower pr

this is the spread on softbank.es up it shows concern about the company's ability to pay it off. >> what we are producing is the small uptick taking us back to the november levels we have seen a little while ago. bondholder, if you are a debt holder you have seen this movie before. they lost the iphone monopoly and the new into the hundreds. out again on christmas day. there is a hell of a day to make an announcement. when the markets are so deep. >> the personal is so interesting. when you think about the standpoint of this merger, we can't have just major carriers, that is not good for consumers. not thinking about what is best for u.s. consumers or the business environment. we want to be number one. not providing the best business environment or best services for the u.s. consumer. i think that's worth inking about. >> and acquisition that we heard a lot about in particular. crazy. spending my when he says he was to be the best, what? what is the ecosystem here he is building? if you look at alibaba, he put six 4

what does he want to do with softbank, what is his plan here?he wants to be the planets biggest most ambitious tech investor, and he wants to be at the forefront of every disruption and innovation that will happen over the next several decades. uber,, he islike also trying to get into ai and all of that? >> yes, and he is trying to get that she has talked about -- about a world where every inch is covered in satellite, and he is thinking, high in the sky in the next 10 to 12 years of disruption. >> stock is trading higher this morning, here are the headlines direct the company has posted second-quarter sales and net income beating analyst estimates. at the same time, the british-based drugmaker has cut its forecast for the next year. >> the only thing the market really wants to know about at the moment, is what the pricing picture at the united states looks like, what can you tell us? >> we have mentioned that we see low pricing in the u.s. for 20 and we have guided that before hand. we would like to move away from just talking about pricing bec

julie: apparently it is the target of perhaps softbank.ording to the japanese new service, softbank "is apparently exploring the possibility a merger between sprint and dish." it does quote an unidentified softbank executive as saying letting go of sprint is not an option. this consolidation pushes an offensive measure. this chair spiking on this. -- the shares spiking on this. this follows news on the heels of yesterday that the chairman of softbank might be interested in targeting charter communications. this has been the target of speculations in the past. shares are higher today on the backs of earnings. sprint shares rising 10.5%. the company posting an unexpected profit, although it did lose subscribers unexpectedly. a lot of moving parts going on in the story here today as those dish share spikes. i mentioned charter communications as well because this might be the on man out. it is unclear whether john malone was interested in a deal. you can see them taking a little bit of a leg further down on these headline profits. david: break

the money would come from softbank and equity firms.solve of the benchmarks. >> we could be looking at the end of an era. is over,that this following dick's sporting goods. we cut on profit forecast has sent shares tumbling. sales include nike, under armour , and lululemon. >> indeed. >> here are the stories you need to know on daybreak. terminals,able on mobile, and on the avenue. get the news on industries that you care about. this is bloomberg. >> there is a clear line they are going to be looking at and will the cost way what we would and they will move to something easier. >> the community is going to fight against that's because the integrated among the countries. trade isthat hampers going to be a problem. >> there has been very little said about the mobility provisions, but they are important to canada and mexico, in terms of moving people across the border and we are not really certain how this will come out. we know the canadians will push for the expansion of mobility and the u.s. is really under fairly tight orders from cong

coming up, softbank continues its recent spending spree.t the latest wide-ranging investments. we continue to monitor snap earnings, despite pressures on the shares. he will not beys selling his this year. take a listen. >> given speculation i feel it , is important to note that bobby and i will not sell any of our shares this year. the company will withhold the shares this year to meet our obligations. we believe deeply in the long-term success of snap. ♪ caroline: softbank's vision fund is continuing its spending spree, investing $2.5 billion in the indian e-commerce giant, flipkart. in india, e-commerce is expected to grow 30% each year for the next five years. meanwhile, the investment firm stop by softbank's mashayoshi son is not stopping there. are in late stage talks with a major investment in a drug startup in the netherlands. joining me from san francisco is executive editor. tom, great to see you. let's focus on india first. mashayoshi son also had an investment in the rival deal. they have gone in, guns blazing. and they are the

." ♪ ♪ emily: he was tapped to be heir to the softbank empire.d the son of an indian air force officer and he came to the u.s. for grad school. in 2004 he got the job of a lifetime. larry page and sergey brin hired arora to help move google into an online ad powerhouse, making him one of the most sought after tech execs in the world. a decade later he was named softbank president with a plan to eventually make him ceo. but as son's retirement approached, arora said it became

. ♪ emily: japanese tech giant softbank reported earnings this week. good news for softbank's chairman who is on the hunt for more deals and investments. the billionaire is in the process of creating $100 billion division fund to speed up investments in technology abroad. he says he is mulling over various deal offers including from sprint and t-mobile. bob o'donnell joins us to explore the options. >> i think that is exactly what we are seeing in do. he has talked about this for years. ironically, i worked for a company he bought 25 years ago he first started this vision of building up media. watching him over the years and seeing this vision evolved, he is driving himself to be sort of the tech giant version of a warren buffett. he is creating this conglomerate of all these component companies which he sees as being critically important to driving this vision into the future. i do think it is a smart plan. not all of the investment are going to work come up i think he is putting them in the places. emily: cory, warren buffett of asia. what you think

the offer represents nearly -- japan softbank reported rise in first quarter profit of 50%. they saw operating profit jump after including his private equity fund as new reportable segment. what i found striking is the fact they didn't include full year guidance. why is that? >> that's right. the company saying too much uncertainty on the horizon to include that full year guidance, that may rattle investors. stock was higher 2.4% before earnings were released, which were released after the market closed good bit of news would be that big jump in operating profit, rising to $4.33 billion. that was ahead of forecast as well as big increase on that one. revenue up almost 3% on this period more interesting than those figures were comments from the ceo following results about consolidation surrounding u.s. unit sprint. no secret they have been shopping around for a partner for sprint in the u.s., even suggested to look at outright purchase of charter communications if charter doesn't come to the table on its own for a tie up keep an eye on developments. the ceo saying they're nea

emily: let's talk about whether softbank and raise money to do this. >> he has already started liningfinancing for this, and has at least $65 billion in commitments of our.japan's banks has been compliant in hiss of lending money deal hunting sprees. it is possible he could come up with the capital, even though it would load a lot of debt onto his balance sheet. reporter: let's say a deal happens. how does that change the entire ecosystem?what are the new dynamics ? reporter: the idea if you would combine some of the cable infrastructure you've got with charter, some of the wireless infrastructure with sprint, and be able to deliver a whole range of services. not just traditional cable or wireless, the internet on top of that. they would go above and beyond what we have to date the question is whether you can execute that. sprint went through a disastrous merger with nextel in the past. mergers are hard to pull off, especially with different businesses. emily: let's talk about leadership. t-mobilen the ceo of and the ceo of sprint's publicly. who's going to run the company? >> only on

we were talking earnings of softbank. a slight growth in profit and they will put that at the doorstep of sprint's recovery. bloomberg intelligence is with me now. tell me more. josh sprint is definitely a key driver. the company reported a few days ago the first net profit in three years. that is very encouraging. japan hadh it yahoo! slightly disappointing sales growth, we believe that the company could still -- this afternoon. alibaba,that would be they raised their target back in june. for softbank, a lot is going on. the focus is not the earnings anymore, it is about the fundings. we talk a lot about what is the strategy for spring. after the discussion and failure to merge with t-mobile, now with it cable company. many people do not believe it will get done. to pursue --going how will they finance it? will they sell more alibaba stake? and the financial, whether they will divest. a lot of variables there. recently we heard that they phasedd last year refinancing risks. softbank has a lot to say to investors. what th

. ♪ ♪ emily: he was tapped to be heir to the softbank empire.s raised the son of an indian air force officer and he came to the u.s. for grad school. in 2004 he got the job of a lifetime. larry page and sergey brin hired arora to help move google into an online ad powerhouse, making him one of the most sought after tech execs in the world. a decade later he was named softbank president with a plan to eventually make him ceo. but as son's retirement approached, arora said it became

and with softbanks recent interests drahi decided to see if he could compete.nd lawyers working a bit for charter but it faces significant hurdles in crafting a deal that would meet shareholders expectations on price soft bank has also been struggling on an offer for chaert though it's unclear if they can come up with offers that meet the price objectives of charters manager or liberty media that controls 28.5% of the company's equity and 25% of its voting shares both softbank and altice are hobbled with a perceived inability to craft deals with a large amount of cash they're unafraid of taking on vast amounts of debt to fuel their ambitions but it's not clear if charter management or john malone has interest in a deal where they give up to a new company reliant on chart tore pay down the debt. alabama gattis has shown a unique ability to cut costs and vote that suddenly and cablevision. still liberty is war ri in the brief that it's too early to tell whether they are sustainable and while he does like to craft deals tax free in nature liberty's enormous gain o

softbank is the parent company of sprint, which reported earnings earlier today.y overcame their second straight quarter of subscriber losses and posted the first profit in three years. shares soared as much as 12% today. the ceo says a decision on the possible merger is "close at hand," during the earnings call. joining us now to break it all down, peter ahlstrom. what does he mean? reporter: in terms of financial report, there were positive signs. there was profit finally after three quarters -- three years of losses. that was a step in the right direction. but, the company did lose subscribers. this is at the same time that all three competitors added subscribers. in terms of the business, sprint is continuing to struggle. investors took positive notion from this idea that sprint would be able to reach some sort of agreement with one of the merger partners it has been talking to. the question is who, and how the deal would get done. it has been in discussions with charter, as we reported. emily: what are prospects for an actual deal? >> it depends on how the de

softbank is sitting on a massive cash pile thanks to the 100 billion dollar tech fund it started.o have increased to about $20 billion after this latest investment from softbank, which would put wework among the fifth most valuable tech startups. the u.s. housing market is cooling down to start the second half of 2017. new home sales tumbled in june more than 9% when compared to the previous month. annualts the estimated pace of home sales at 571,000 units. before the dip, the estimate was expected to be 630,000 units sold for the year. the existing home sales market also saw a drop last month, falling to its lowest level since august of last year. joining me now to discuss, nima ghamsari, ceo of blend. you can talk about some of the broader trends we are seeing. what caused the downturn in home sales? nima: millennials are buying later than they have in previous generations. part of that is that the process is so compensated and difficult. emily: talk to us. when it comes to prices, we are seeing sales falling 9.4%. median sales prices up, but home sales falling 9.4% month over m

why sprint is interesting, how it will play out with the softbank charter potential deal, softbank owningised $65 billion to buy charter, the drummer -- drama playing out. royal caribbean up 3% in premarket. a second corner earnings beat, strong demand trends from europe, north america, helping their,. omp.elping their ca excuse me. under armour down 4%. -- 9% to 11%to versus 11% to 12%. analysts looking for a revision for revenue in the back cap a beer, how back to get? asy were hurt by competition well as discounts in north america, hurting sales. jonathan: you have a drink and settle down. the at -- fiat, july u.s. auto sales down 10.5 are sent. 10.5%, the apprentice is down 10.5% with the estimate down 6.1%, not looking good. david: softening in auto sales and we will see if this does to other auto companies. jonathan: a lot of moving parts elsewhere in the market connecting to auto sales. auto sales for fiat chrysler down 10.5%, the estimate down 6.1%, expect a lot more auto companies to report sales for july this hour and we were bring them to you. the dow closed at an all-time high

the comments come despite interest by sprint's parent, softbank, to create a giant new telecom company in the u.s. charter is one of the nation's largest internet and paid tv providers. according to the "wall street journal," softbank's chairman may still decide to make a formal offer to acquire charter, anyway. shares of charter and sprint moved in opposite directions. >>> pimco has staged a comeback and is now the world's best selling active mutual fund manager. according to the "financial times" pimco attracted almost $50 billion to its funds in the six months ending in june. just a few years ago, investors pulled billions of dollars following the departure of big gross, known among investors as the bond king. >>> the vice chair of the federal reserve said political and economic uncertainty has contributed to slow global growth and that's part of the reason why interest rates are low both here and overseas. stanley fisher said the phenomenon is being driven by a number of factors including an aging population and weak levels of investment. >>> in washington, president trump's top ec

both softbank and altice are hobbled by an inability to craft deals with a large enough amount of cash. drahi are taking on massive amounts of fuel to invest. but it's not clear if they have interest in accepting a deal in which much of the value they give up a traded for stock in a new company laden with debt and relying on the chart tore pay down the debt. altice has shown a unique ability to cut costs and generate higher ebida margins. still liberty, i'm tolding with is wary of taking altice in the belief it is too early to tell whether those gains are sustainable. >> let's get back to et ppeter westaway and obviously altice is a company that's usually highly leveraged. they depend on the rate cycle. where are we in the u.s. rate cycle? do you think we'll get a third one this year? >> i think we will i think that the fed are uncomfortable with a huge amount of accommodation that's still in the system you know, you just -- if you landed on a spaceship in the u.s. and looked at where we were, there's no spare capacity. unemployment is very low inflation is pretty much up at the top le

softbank bought armed holdings they own 80% of sprint they turned that all around.g there of course alibaba is still the greatest single investment made by anybody he bought it at nothing. $50 billion worth of stocks. >> soft bank reports earnings. he is asked questions. >> what does that mean it's unclear as i reported not last week but week before when it comes to charter soft bank is in the process of trying to come up with a fairly complex structure under which it would make a proposal for charter even though it is said it will never go hostile and charter indicated no real interest. how much equity could soft bank contribute much debt capacity would they have to put together a deal at a premium for sprint and charter that would be interesting for charter shareholders very much unclear but is there a possibility of raising other outside capital? does he have other investors that might want to contribute to this new company that would then buy in sprint and buy all of charter? they engaged off and on and t-mobile doesn't see sprint as being worked with the market

vonnie: today, sprint beating estimates with a promise of $3.4 billion, good news for softbank's chairman the hunt for more deals in investments. mulling various options, including a merger with competing carrier t-mobile. cory johnson joins us in new york to explore all of his options, maybe not all of them. cory: that would be impossible, he has shown us a capacity for a lot of changes in business, although he claims to have a 300 year plan for the company. this is really interesting, the notion, this tireless interest in the us thousand of this interest to look at t-mobile. vonnie: the charter has gone away for the moment, but they have not gone away for good. which would be better for son a deal comes to sprint, with comcast or t-mobile, another carrier? cory: you can see in the immediate term, t-mobile is obvious. they are looking at the point five g spectrum, they are both fighting with the giants. under the trump administration, they think they can get approval they could not get under obama come as a look at the market share of the major phone companies. you see the chart it shows